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Accounting for Transaction Costs in Point/Nonpoint Water Quality Trading Programs in the Chesapeake Bay Watershed AgEcon
Ribaudo, Marc; McCann, Laura M.J..
Transaction costs are commonly identified as a major reason why so few point/nonpoint trades have occurred in water quality trading programs. We examine the transaction costs to buyers and sellers in Pennsylvania's trading program, and compare them to baseline costs.
Tipo: Presentation Palavras-chave: Transaction costs; Water quality trading; Environmental Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/123509
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Simulation of factors impeding water quality trading market performance AgEcon
Smith, Craig M.; Peterson, Jeffrey M.; Leatherman, John C..
Over the past several decades, market-based approaches to natural resource management have received increased attention as a means to cost-effectively achieve environmental quality goals. Following on what has been hailed a success for reducing air pollution, water quality trading (WQT) has more recently been seen as the next great opportunity for reducing water pollution, especially for nutrient loading. Numerous trading programs have been pilot tested and/or adopted in states throughout the nation, with more than 70 programs now in operation (Breetz et al., 2004). WQT would allow multiple contributors to surface water degradation to determine how best to meet an overarching collective goal related to pollution reduction. WQT takes advantage of...
Tipo: Conference Paper or Presentation Palavras-chave: Water quality trading; Market based; Trading ratio; Information levels; Point source; Nonpoint source; Simulation; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61125
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Examining the Effects of Ecological and Political Boundaries on the Potential for Water Quality Trading: Lessons from a Southeastern Trading Framework AgEcon
Keiser, David A.; Mullen, Jeffrey D.; Bergstrom, John C.; Smith, Nathan B.; Radcliffe, David E.; Risse, Mark L.; Fowler, Laurie A..
Water quality trading (trading) as a means to improve water quality has become an increasingly popular instrument considered by environmental policy makers. Although the U.S. Environmental Protection Agency lists more than forty current trading programs in the U.S., only a few active markets exist. The literature identifies several hurdles to trading, overcoming which requires a deeper understanding of the interaction between local environmental, legal, and economic conditions. Particular challenges include thin markets, uncertainty related to the course and fate of nutrient flows, varying degrees of political support, and high transaction costs related to market infrastructure, monitoring, and enforcement. These hindrances often arise from and...
Tipo: Conference Paper or Presentation Palavras-chave: Water quality trading; Phosphorus trading; Nutrient trading; Water pollution; Pollution markets; Environmental Economics and Policy; Land Economics/Use; Public Economics.
Ano: 2009 URL: http://purl.umn.edu/49323
Registros recuperados: 3
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